CosmicTaco

BigBasket's Leadership Transition Amidst Fierce Competition

CosmicTaco · 2025-09-02T18:14:16.381618+05:30

- BigBasket cofounders are in talks with the Tata Group to appoint a new CEO as Hari Menon prepares to step down. - The company is aiming to bring in a leader with the skill to expand its operations in the competitive quick commerce market. - Former Vini Cosmetics CFO, Manish Bajoria, was appointed as BigBasket's new CFO in July. - Despite the industry's growth, BigBasket experienced a revenue decline and increased net loss in FY25. - The quick commerce sector, with new entrants like Amazon and Flipkart, poses increased competition for BigBasket. Source: [Inc42](https://inc42.com/buzz/bigbasket-to-get-new-ceo-as-hari-menon-to-step-down/)

BigBasket cofounders are in talks with the Tata Group to appoint a new CEO as Hari Menon prepares to step down.
The company is aiming to bring in a leader with the skill to expand its operations in the competitive quick commerce market.
Former Vini Cosmetics CFO, Manish Bajoria, was appointed as BigBasket's new CFO in July.
Despite the industry's growth, BigBasket experienced a revenue decline and increased net loss in FY25.
The quick commerce sector, with new entrants like Amazon and Flipkart, poses increased competition for BigBasket.

Source: Inc42